Crypto card spending hit a month-to-month document, with stablecoin-funded purchases climbing to $1.03 billion, or $1.04 billion in supplementary reporting based mostly on PaymentsScan knowledge. PaymentsScan, an on-chain analytics platform that tracks card exercise throughout dozens of issuers, reported that the determine was up 16% from June and almost 200% from a yr earlier.
Greater than 10 million particular person purchases have been logged in July alone, in keeping with PaymentsScan knowledge cited on X by The Kobeissi Letter. Simply three years in the past, PaymentsScan’s tracked month-to-month quantity was roughly $1 million. The climb from $382 million in August 2025 to greater than $1 billion in July 2026 marks sustained progress within the platform’s tracked knowledge.
BREAKING: Month-to-month stablecoin card spending volumes surged one other +16% in July, to a document $1.03 billion.
This marks +200% year-over-year quantity progress with over 10 million purchases made throughout July.
The expansion has comes amid surging demand for immediate settlement and world… pic.twitter.com/EDksW62jAq
— The Kobeissi Letter (@KobeissiLetter) August 11, 2026
The place the Billion {Dollars} Got here From
PaymentsScan tracks card issuers throughout Ethereum, Solana, Base, Tron and Polygon, spanning suppliers together with RedotPay, KAST, Gnosis Pay, Wirex and Rain-issued playing cards.
A supplementary report from Bitcoin World, put July spending at $1.04 billion. The report stated USDT and USDC have been the dominant stablecoins used for such funds, whereas noting that an actual breakdown by community was not disclosed. The figures level to digital {dollars} as a significant funding supply for crypto-card purchases.
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Instantaneous Settlement Is a Key Function
Stablecoin playing cards can provide near-instant settlement and entry for customers and not using a native checking account. As extra regional issuers launch and stablecoins proceed settling quicker than multi-day card networks, PaymentsScan’s tracked month-to-month quantity has continued to rise.
The unique PaymentsScan-sourced report additionally credited Jupiter, the Solana-based buying and selling platform, with serving to drive adoption by way of QR-based funds in additional than 60 international locations, including that 68% of quantity got here from non-US customers. Jupiter’s card program helps fee-free QR Pay in elements of Asia and fiat remittance throughout greater than 50 international locations.
One Crypto Card Issuer’s Numbers Complicate the Narrative
On-chain settlement knowledge independently tracked by SpendNode confirmed Jupiter’s card processed $424,000 in spend throughout July 2026, down 70.4% from June’s $1.4 million and representing a fraction of 1 p.c of the industry-wide whole. SpendNode attributed the drop to the top of Jupiter’s cashback promotion on July 1, when its reward charge fell from a launch-era 4% to a typical 2%.
Crypto-card fee quantity grew at a 106% CAGR (compound annual progress charge) from January 2023 to August 2025, almost catching up with P2P stablecoin funds.
Right here’s what occurred this week ↓
• @raincards | Rain launched the Agentic Funds Alliance with Visa, Mastercard,… pic.twitter.com/ifzgoS0oP8
— DeFi Warhol (@Defi_Warhol) August 24, 2026
That doesn’t imply Jupiter’s funds infrastructure is irrelevant, however it signifies that its branded card was not the first engine behind July’s document. Any single issuer’s share can shift as promotions begin and finish, making the industry-wide development a extra helpful measure than one platform’s position.
PaymentsScan projected month-to-month stablecoin-card quantity above $1.5 billion by year-end if the present development holds, in line with the roughly 200% year-over-year tempo recorded thus far. The info is topic to alter as supply data is up to date or revised, and differing methodologies and protection can produce totally different totals.
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